This is not UN community but water distribution community. In Esri Water Data Management solution there is a separate feature class for this kind of measuring devices. We use them with multiple clients and typically there is always some scada integration always relaed. So that we get a daily value of measured water and then it is used in water balance calculations. This image show the location in Esri data management - in local language of course 😀

But in generally storing that device geometry in system makes sense but even more makes sense to get the numbers from device.
Basically our approach is to take flow meter value - sold water values and combine them on certain regions to build water balance analysis. How much there was water pumped/flowing in system and how much we managet to sold it out. The interest is obiviously to figure out how much water got lost.